CryptoTigar

Dogecoin price forms scary patterns as DOGE ETF drought continues#WriteToEarnUpgrade

Dogecoin price continued its recent downward trend, reaching its lowest level since Oct. 10, and its technicals points to more downside as the DOGE ETF drought continued.

Dogecoin $DOGE doge0.62%Dogecoin token was trading at $0.1227, down by 75% from its highest point this year. This crash has led to a multi-billion-dollar wipeout.

The token has crashed as signs of weak demand continued. Data compiled by SoSoValue data shows that the Grayscale and Bitwise DOGE ETFs have not added any inflows since Dec. 11. These funds have had $2 million in inflows and $5 million in net assets. 

Meanwhile, Dogecoin’s futures open interest has dropped to over $1.4 billion, down from the year-to-date high of over $6 billion. Falling open interest is a sign that investors are not buying the token. 

Dogecoin price technicals points to a crash

The three-day chart shows that the the DOGE price has been in a strong downward trend in the past few months. It has formed several bearish patterns, meaning that it may continue falling over time.

For example, the coin has formed a death cross pattern as the 50-day and 200-day Exponential Moving Averages crossed each other. This pattern, which formed on Dec. 9, often leads to more downside. 


Dogecoin price has formed a head-and-shoulders pattern, which is another high-risk sign. The head is at $0.4855, while the left shoulder is at $0.2285, and the right one was at $0.30. It has now moved below the neckline, confirming more downside.

The Relative Strength Index and the MACD indicators have continued falling. Therefore, the token will continue falling as sellers target the next key support at $0.080, its lowest level on August last year. This price is about 35% below the current level. 

On the flip side, a move above the psychological point at $0.15 will invalidate the bearish outlook.

#USJobsData Crypto VC Funding: HashKey Group bags $250m, Architect raises $35m

The week of December 21-27, 2025, closed the year with $316.2 million in crypto funding across 8 visible projects.

As per the data, HashKey Group’s $250 million raise dominated a year-end funding period that featured finance platforms and infrastructure development.

Finance and trading platforms led the majority of investor attention during this final week of the year.

Here’s a comprehensive breakdown of this week’s crypto funding activity.

HashKey Group

HashKey raised $250 million in an unknown round

The firm has raised $380 million so far

Architect

Secured $35 million in a Series A round

Architect is a financial technology firm specializing in high-throughput, low-latency infrastructure

The investment was backed by Miax, HGSA Capital, and Galaxy

Gained +7 new investors

Architect has raised $52 million so far

Octra

Octra raised $20 million through public sale

The project has raised $26 million so far

Funding Under $5 Million

Coinbax, $4.2 million in a seed round

easy.fun, $2 million in a seed round

Otomato, $2 million in an unknown round

HodlHer, $1.5 million in a strategic round

Rocket, $1.5 million in a pre-seed round

Crypto’s mid-life crisis: Tokens need Nasdaq-style secondary markets | Opinion#USGDPUpdate

Crypto has world-class launchpads and some of the most liquid spot markets in the world. New tokens can get minted, listed, and traded almost instantly. Once the unlocking or vesting contracts clear, there is plenty of liquidity for them to move.

In the middle of the token lifecycle, there is still a void. Billions in vested and locked allocations sit in limbo with no structured, transparent venues to move them, price them, or manage how they come into circulation.

When I first came into crypto trading around 2018, working on the desk of one of Hong Kong’s earliest Bitcoin exchanges, I saw how inefficiency and opacity create huge opportunities for a few and confusion for everyone else. We watched people fly in from Korea with suitcases of cash just to capture. That kind of spread exists because markets are not joined up and information is not shared evenly.

That pattern keeps repeating in different forms throughout a token’s life. Opaque OTC deals and off-chain price discovery thrive, fueling price discrepancies, shaping retail expectations, and distorting the sustainability of token economies. Large holders negotiate in back channels. Prices get made in private chats. Volatility spills over into public markets later. By the time public markets adjust, exchanges may show one price, but private deals have used another; it is usually retail that pays for the gap.

Traditional finance solved a version of this problem a long time ago. Public markets require regulatory filings that disclose fundraising terms and discounted allocations for insiders and institutions. Platforms like Nasdaq Private Markets provide structured solutions for private companies to manage secondary trading and liquidity for their shares before a public offering. The lesson is clear: healthy markets need structured, transparent “mid-life markets” that keep liquidity orderly and accountable through the token’s lifecycle.

#BTCVSGOLD Bitcoin ETFs extend 5-day outflow streak as BTC struggles below $88K

$BTC Bitcoin ETFs recorded $83.27 million in net outflows on December 26, extending a multi-day redemption streak as BTC struggled to reclaim $88,000.

Fidelity’s FBTC led withdrawals with $74.38 million in outflows, while Grayscale’s GBTC posted $8.89 million in redemptions.

All remaining Bitcoin btc0.23%Bitcoin ETFs recorded zero flow activity on December 26. BlackRock’s IBIT data was not updated as of press time.

Total net assets under management fell to $113.83 billion while cumulative total net inflow held at $56.82 billion. BTC dropped over 1% in the past 24 hours, trading below $88,000.

Five consecutive days of Bitcoin ETFs redemptions

Bitcoin ETFs began the outflow streak on December 18 with $161.32 million in withdrawals following a brief rally on December 17 that attracted $457.29 million. December 19 saw $158.25 million in outflows before the weekend pause.

Trading resumed December 22 with $142.19 million in redemptions. Outflows accelerated December 23 with $188.64 million in withdrawals, followed by $175.29 million on December 24.

The December 26 outflows of $83.27 million brought the five-day total to over $750 million in net redemptions.

Total value traded fell to $1.57 billion on December 24 from $5.93 billion on December 17. The sustained outflow period has drained assets as Bitcoin price failed to maintain momentum above $90,000.

Fidelity’s FBTC dominated December 26 outflows at $74.38 million, accounting for 89% of total redemptions. Grayscale’s legacy GBTC fund posted $8.89 million in withdrawals.

Grayscale’s mini BTC trust, along with Bitwise, Ark & 21Shares, VanEck, Invesco, Franklin, Valkyrie, WisdomTree, and Hashdex all recorded zero flows.

Ethereum ETFs mirror Bitcoin weakness

Ethereum eth0.2%Ethereum spot ETFs also faced selling pressure, recording $52.70 million in outflows on December 24. The withdrawals followed $95.53 million in redemptions on December 23.

December 22 provided temporary relief with $84.59 million in Ethereum.

Bitmine begins staking ETH, deposits $219M into Ethereum PoS for yield

Bitmine deposited 74,880 ETH worth approximately $219 million into Ethereum’s Proof-of-Stake protocol, marking the company’s first staking operation.

The move comes as the largest Ethereum eth0.19%Ethereum treasury company seeks yield generation from its 4.066 million ETH holdings.$ETH

According to EmberCN monitoring, the deposit occurred on December 27. At an estimated 3.12% annual percentage yield, staking the entire treasury would generate roughly 126,800 ETH per year.

Based on Ethereum’s current price, the annual staking rewards would be worth approximately $371 million.

First staking deployment from 4M+ Ethereum treasury

The 74,880 ETH deposit is Bitmine’s initial entry into generating staking income from its holdings. The company accumulated its Ethereum position through systematic acquisitions similar to Strategy’s Bitcoin buying program.

Bitmine’s decision to stake suggests the company expects to hold Ethereum long-term rather than actively trade the position.

Staked ETH can be withdrawn but requires a queue period that varies based on network conditions. The lock-up period makes staking unsuitable for treasury assets that might need rapid liquidation.

The $219 million initial deployment tests the staking infrastructure before potentially committing the full treasury.

At 4.066 million ETH, Bitmine holds roughly $11.9 billion worth of Ethereum at current prices. Full staking would generate over 126,000 ETH annually in passive income.

Very Interesting

#StablecoinLaw Uniswap’s “UNIfication” proposal could trigger $38M in monthly UNI buybacks

Uniswap founder Hayden Adams has unveiled the “UNIfication” proposal, a major governance overhaul that could trigger $38M in monthly UNI buybacks.

Summary

The plan splits Uniswap’s 0.3% trading fee into 0.25% for LPs and 0.05% for the protocol, with collected fees used to buy and burn UNI tokens.

Based on historical data, one analyst estimated the new fee share could generate around $38M per month in UNI buybacks — surpassing PUMP’s $35M pace and trailing HYPE’s $95M.

Uniswap unveils proposal to reshape UNI tokenomics

Uniswap (UNI) founder Hayden Adams has recently introduced a sweeping governance proposal called “UNIfication,” designed to restructure the DEX’s revenue model and strengthen UNI’s long-term tokenomics.

The plan would activate protocol-level fees across Uniswap’s v2 and v3 pools for the first time. Under the new structure, the current 0.3% trading fee will be split into 0.25% for liquidity providers and 0.05% for Uniswap protocol. All fees collected by the protocol will then be used to buy and burn UNI tokens, reducing its circulating supply and introducing a deflationary mechanism.

Adams also proposed a one-time burn of 100 million UNI from the treasury to account for tokens that would’ve removed if fees had been active since the project’s inception. In addition, Uniswap’s layer 2 Unichain will direct a portion of its sequencer fees toward the same burn mechanism.

The proposal also outlines structural and governance updates, including a unified Labs–Foundation model, fee-discount auctions, and new aggregator features in Uniswap v4 aimed at expanding protocol revenue sources.

Analyst estimates $38M in monthly UNI buybacks under new fee model

Crypto analyst @bread_ estimated the potential impact of this fee structure using historical Uniswap data. Based on roughly $2.8 billion in annualized trading fees, the 0.05% protocol share could generate about $38 million every 30 days for UNI buybacks.

#StrategyBTCPurchase Monad ICO to launch with $7.5B tokens on sale

The Monad ICO sale is scheduled to take place on Nov. 17 at 9:00 AM EST and it will end on Nov. 22 at 9:00 AM EST. In total, the project will allocate up to 7.5 billion MON for the token sale or around 7.5% of the initial total supply.

At press time, the project has determined a fixed price of $0.025 for each MON token in the Monad ICO. The market price was determined based on the implied fully diluted value of the Monad Network, which stands at $2.5 billion with an total supply of 100 billion MON tokens.

Based on the document, as much as 27% of the total token supply will be allocated to the team. Team token allocations are subject to both lock-up and vesting conditions. Individual vesting schedules last typically around 3-4 years and are tied to the date of initial involvement in the project.

The document stated that all team tokens will be locked for the first year following the launch of the Monad Public Mainnet and later released during the 1-year anniversary and over the next three years.

Meanwhile, 38.5% tokens will go to the development of the ecosystem. Unlike team tokens, this portion will be unlocked upon launch. Investors will receive up to 19.7%, while 4% will be set aside for the Category Labs treasury, formerly known as Monad Labs. Around 3.3 billion MON or around 3.3% of the initial total supply will go to the airdrop event targeting members of the Monad Community and the wider crypto community following the Monad ICO.

#StrategyBTCPurchase Monad ICO loans 160M tokens to five market makers

Coinbase published a token sales disclosure for the Monad ICO that contains detailed information about its market maker operators and how many tokens are loaned to each firm.

Summary

Coinbase revealed full details about Monad’s market maker arrangements, involving Galaxy, GSR, Wintermute and others. The firms will collectively receive 160 million MON in short-term token loans.

The Monad ICO, which takes places on Nov. 17, will offer up 7.5 billion MON at a starting price of $0.025. Around 27% of the token supply will be reserved for the team under a multi-year lockup scheme and 38.5% goes to ecosystem development.

Coinbase’s disclosure may be one of the first cases where a large institution fully discloses the list of market makers participating in the initial coin offering for Layer-1 EVM blockchain Monad. The document lays out not only the names of the five market makers involved, but also the scale of funds loaned to each firm and the duration period of each loan.

According to the document, the Monad Foundation subsidiary firm MF Services (BVI), Ltd. has signed token lending contracts with five market makers in the crypto space. The largest loan of MON tokens has been promised to CyantArb, amounting to 50 million MON which will be loaned to the firm for one month.

On the other hand, three market makers will receive a loan of 30 million MON for the duration of one month. These firms are Auros, Galaxy and GSR. Lastly, Wintermute will receive a loan of 20 million MON that it can hold for one year at most.

The total amount of tokens allocated to market makers is a combined 160 million MON, which according to its initial set market price of $0.025, will be worth around $4 million.

As stated in the document, the agreements with market makers can be renewed on a monthly basis. The contracts would be monitored by a third-party agency called Coinwatch, which will be responsible for verifying token usage and keeping track of idle balances of the five market makers listed.

#StrategyBTCPurchase Earn daily Bitcoin and Dogecoin: Effortless cloud mining with Oak Mining, right from a phone

Oak Mining makes crypto mining as easy as using a phone, letting anyone earn Bitcoin and other assets without hardware or technical setup.

Summary

Users can start mining instantly through Oak Mining’s app, choosing flexible plans and tracking real-time earnings with no management fees.

The platform offers an $18 sign-up bonus, enterprise-grade security via McAfee® and Cloudflare®, and up to $50,000 monthly through its referral system.

With global data centers and 100% uptime, Oak Mining makes crypto mining accessible to anyone seeking steady, hands-free income.

Oak Mining has stepped into the cloud mining space, making it simpler for anyone to tap into crypto mining, no bulky hardware, no technical headaches, just consistent earnings and a user-friendly journey.

Oak Mining stands out as a premier cloud mining provider, enabling users to participate in cryptocurrency mining by leasing hash power from globally established data centers. Whether their interest lies in Bitcoin (BTC), Ethereum (ETH), or other major digital currencies, Oak Mining provides a straightforward and secure gateway to start generating returns.

What is mobile cloud mining?

Mobile cloud mining lets users participate in cryptocurrency mining without managing complex equipment or high electricity bills. All the heavy lifting happens in the cloud, on remote, industrial-strength servers, while users simply keep track of their progress with a few taps on their mobile device. This means anyone can start mining, regardless of their technological know-how or access to expensive hardware.

Key advantages of Oak Mining

Instant registration bonus: Users can receive $18 USD directly into their account upon signing up.

Enterprise-grade security: Investments are safeguarded with advanced, bank-level security protocols.

Adaptable mining plans: Scale computational power up or down to align with individual investment strategies.

#GENIUSAct Zcash price analysis

On the 4-hour chart, Zcash price has confirmed a breakdown from a double top pattern, which tends to hint at an upcoming drop in technical analysis.

The neckline of the pattern lies at $503.42, while the two tops are at $749 and $683, respectively.

Momentum indicators are also flashing bearish signs, supporting the case for further downside. The MACD lines have pointed downwards with a widening gap as bears take greater hold over the market. Meanwhile, the RSI is also moving lower and still has room to fall before reaching oversold territory.

As such, Zcash price could drop toward the $400 psychological support level, which also aligns with the 50% Fibonacci retracement level on the chart.

A decisive breach below this could fuel a drop towards $256.41, a target derived by subtracting the height of the double top pattern from the price market by the neckline of the pattern. At press time, this level lies roughly 50% below the current price.

On the flip side, a rebound back above the $600 psychological resistance area would invalidate the bearish setup and would mean a potential recovery.

#CryptoIn401k Zcash price risks crash to $256 as bearish double top pattern takes shape

Zcash price could be on the verge of a major crash after confirming a highly bearish pattern, just days after surging nearly 850% from its October low.

Summary

Zcash price has dropped 30% since hitting a 7-year high at $734.96 over the weekend.

Zcash futures open interest has dropped 28% in the past 24 hours.

Its price action has confirmed a bearish double-top pattern on the 4-hour chart.

According to data from crypto.news, Zcash Zcash
zec
-24.61%
Zcash price rallied over 850% from $76 recorded on Oct. 1 to $734.96 on Nov. 8, its highest level in the past 7 years. The privacy coin has since dropped by 30% and was trading at $512 at press time.

The Zcash price surge over the past couple of months was driven by multiple catalysts, including rising investor demand for privacy-focused cryptocurrencies amid growing surveillance concerns and mounting regulatory pressure on transparent blockchains like Bitcoin. Peers like Monero Monero
xmr
-10.36%
Monero, Railgun Railgun
rail
-10.53%
Railgun, and Dash Dash
dash
-14.36%
Dash had also benefited from this demand and were up 24%, 31% and 49% respectively.

Its recent gains have also been supported by strengthening fundamentals within the Zcash network. Data from the Zcash dashboard show that 30% of the total ZEC supply, or around 4.83 million tokens, is now stored in shielded pools, nearly a 60% increase over the past month. These shielded pools rely on zk-SNARK cryptography to enable fully private transactions.

However, at press time, market sentiment surrounding Zcash appears to be tilting bearish, as observed by a notable drop in futures activity. Data from CoinGlass show that the open interest on ZEC futures has dipped 28% in the past 24 hours, hovering around $846 million at press time. Falling open interest points to traders closing out positions and can indicate a lack of conviction in ZEC’s current price trend.

Additional data show that the long-to-short ratio has dropped below 1, indicating a growing numbers.

#StrategyBTCPurchase What is CryptoQuant’s outlook for Bitcoin?$BTC

Back in March 2025, CryptoQuant founder Ki Young Ju predicted that the bull cycle has ended. He told traders to anticipate a bearish market or sideways price action within the next six to 12 months. However, this prophecy did not come to pass, as the Bitcoin saw consecutive all-time highs within this year.

Not only that, BTC even managed to reach a new all-time high at the beginning of October, skyrocketing to about $126,080. The price of BTC now stands nearly 17% below its highest peak. Ju said that it is currently a good time to buy Bitcoin, if traders believe that macroeconomic outlook would hold up the price in the near-future.

On the other hand, if broader economic conditions worsen or institutional buying power dries up, then Bitcoin could be facing another period of downward pressure, which would lead to the price declining or trading sideways.

At the moment, Bitcoin is currently trading hands at around $105,123. Technical indicators point to more short-term consolidation after rebounding from its previous drop below $100,000.

So far, the price has managed to reclaim its place above the 30-day moving average which sits at around $105,836. This indicates mild bullish momentum, but the lack of a clear breakout above $107,000 to $108,000 zone could signal continued resistance. In line with Ki Young Ju’s observation, sellers remain active while whales continue to distribute BTC.

#TrumpTariffs CryptoQuant: If Strategy and ETF buying cool off, sellers could dominate

CryptoQuant founder Ki Young Ju stated that sellers may soon dominate the market if buying pressure from Strategy and spot Bitcoin ETFs cool off, leading to price pressure.

Summary

CryptoQuant analysts revealed that Bitcoin whales have been cashing in on BTC holdings ever since the price hit $100,000. But strong buying from institutions like Strategy and spot ETFs have kept prices afloat around $105,000.

Despite the heavy whale sell-offs, CryptoQuant noted that short-term holders and institutional investors are steadily accumulating Bitcoin, hinting that the market could stabilize soon. Though it is still in a temporarily bearish phase.

In a recent post, CryptoQuant founder Ki Young Ju noted that large Bitcoin holders have been “cashing out” in billions ever since the token hit $100,000. At the moment, the token’s price has managed to rebound from its previous dip below $100,000 and is now trading around $105,000.

Ju stated that the bull cycle should have ended in early 2025, but it was sustained temporarily by fresh buying power from major players in the BTC market like Michael Saylor’s Strategy and Bitcoin spot ETFs. Data from SoSoValue shows that BTC spot ETFs have seen $1.15 million in daily inflows, recovering from its previous outflow slump.

Because of the support from these large institutional-level buyers, the market was able to soak up selling pressure from whales and keep prices afloat.

Because of the support from these large institutional-level buyers, the market was able to soak up selling pressure from whales and keep prices afloat.

However, if Strategy’s Bitcoin Bitcoin
btc
-0.99%
Bitcoin purchase spree subsides and accumulation of Bitcoin ETFs slow down, then the market could shift in favor of the sellers who are already making big moves as of late. Ju predicts that sellers could once again dominate the market if large buyers loosen their grip.

#CryptoIn401k XRP price eyes breakout above $2.70 as Canary Capital XRP ETF launch looms

XRP is gaining traction this week amid growing speculation over multiple XRP ETF launches in the coming weeks, with Canary Capital’s product potentially debuting late this week. How high could XRP price climb if bullish momentum continues?

Summary

Growing speculation over multiple XRP ETFs launching in the coming weeks is supporting XRP price ongoing rebound from the recent retest of the long-term descending channel support near $2.

Canary Capital’s ETF could launch as soon as late this week, potentially serving as a major catalyst for renewed bullish momentum in XRP price.
XRP price breakout above $2.70 could open the path to $3.10–$3.40.

Ripple XRP
xrp$XRP
-2.81%
XRP price extends its rebound from the recent low at $2 as investor confidence grows due to multiple XRP ETFs potentially launching in the coming weeks

As of 10 Nov., eleven XRP ETFs, appeared on the DTCC’s “active and pre-launch” list, including products by 21Shares, ProShares, Bitwise, Canary Capital, Volatility Shares, REX-Osprey, CoinShares, Amplify, and Franklin Templeton. However, it’s important to note the listing on DTCC does not guarantee regulatory approval

Last week, Canary Capital indicated its XRP ETF is “coming soon,” fueling speculation that it might launch as soon as late this week

XRP price technical analysis

XRP price has recently rebounded from the lower trendline support within the long-term descending channel at around $2, once again confirming that bulls are defending this technical area.

The rebound gained traction as XRP price reclaimed both 9 EMA (cyan) and 21 EMA (yellow) on the daily. XRP is now testing the 55 EMA (green) for the first time since late October. This level that has acted as a strong dynamic resistance since the October 10 flash crash.

While the EMAs remain stacked in bearish order, the 9 and 21 EMAs are curling upward, while the daily RSI has just crossed back above the neutral 50 level, signalling that short-term momentum is beginning to build.

#TrumpBitcoinEmpire U.S. Treasury issues new guidance for crypto ETF staking

A key change in U.S. tax and regulatory treatment for staking has arrived with implications for both crypto markets and traditional finance.

Summary

New regulatory path could allow crypto ETF staking for assets like ETH and SOL without triggering trust-level tax issues.

Staking rewards pass directly to investors, making yields accessible via ETFs.

Guidance could boost adoption, network security, and launch of staking-enabled funds.

The U.S. Treasury Department and the Internal Revenue Service have released new guidance that allows cryptocurrency exchange-traded products to participate in staking while maintaining their tax status.

The update, published on Nov. 10 as Revenue Procedure 2025-31, removes a key barrier that had prevented regulated investment products from earning on-chain yield from proof-of-stake networks such as Ethereum and Solana.

The guidance provides a “safe harbor” framework, clarifying how staking rewards should be handled for tax purposes, and how issuers can distribute those rewards to investors without triggering entity-level tax complications.

What the guidance allows

Under the new rules, spot exchange-traded funds and similar trusts listed on national exchanges may stake their holdings through qualified custodians and pass staking rewards to shareholders. The staking activity must be disclosed to investors, and products must continue to hold only cash and a single digital asset to qualify.

Staking rewards will be taxed as ordinary income to investors when they receive control of the rewards, rather than being taxed at the trust level. This structure preserves the current tax model used by commodity-style crypto ETFs and avoids converting them into mutual fund-like structures.

The guidance also mandates that issuers publish transparent reporting on the distribution of staking income and disclose operational risks like validator performance penalties, or “slashing".

#USGovShutdownEnd? Crypto prices today (Nov. 11): BTC, ETH, XRP steady as U.S. Senate votes to end government shutdown

Crypto markets stayed mostly flat on Nov. 11 as the U.S. Senate advanced a funding resolution, nearing an end to the 40-day government shutdown.

Summary

Crypto prices today held steady as the U.S. Senate advanced a deal to end the government shutdown.

Investor sentiment improved slightly, though caution persists, with liquidations and open interest showing minor changes.

Analysts see the shutdown resolution as a potential catalyst for a short-term recovery.

The total crypto market capitalization slipped 0.4% to $3.6 trillion. Bitcoin traded at $105,349, down 1%, while Ethereum fell 1.5% to $3,564. XRP edged up 1.2% to $2.49, and Solana dropped 1.2% to $165.

Market sentiment remained subdued. The Crypto Fear & Greed Index fell three points to 26, staying in the “Fear” zone. Data from CoinGlass showed total liquidations over the past 24 hours dropped 6% to $339 million, while open interest across crypto markets declined 2% to $145 billion.

The average market relative strength index remains stable at 51 after a few volatile weeks, indicating a balanced market.

How U.S. government shutdown hurt crypto

The extended government shutdown forced most non-essential federal activities to pause, pushing the Treasury’s cash reserves to record highs and draining liquidity from other parts of the market. Because crypto tends to move in step with overall liquidity conditions, it felt the impact more sharply.

Delays in releasing economic data and halts in regulatory decisions added to investor uncertainty, prompting brief waves of selling. The shutdown’s widespread impact also worsened the deleveraging event that occurred in October, causing Bitcoin to drop over 20% from its peak around $126,000.

Why the end could trigger a relief rally

Following the Senate’s vote, awaiting House approval, previously restricted liquidity will be released, allowing government spending to resume. Regulators may also pick up where they left off with pending.

#IPOWave Bitcoin miner CleanSpark eyes $1 billion raise for AI push and share buyback

Bitcoin miner CleanSpark has proposed raising $1 billion through a convertible bond offering to fund a share buyback and support its AI expansion efforts.

Summary

CleanSpark plans to raise $1.15 billion through convertible notes to fund a share buyback and expand its AI and data center operations.

The company’s shares have fallen to $15.03 on Nov. 10, extending a monthly decline of 25%.

CleanSpark wants to issue $1.15 billion in zero-coupon convertible notes and use the capital to strengthen its balance sheet and accelerate growth, according to a Nov. 10 announcement.

According to the Las Vegas-based firm, the notes are due in February 2032 and will not bear regular interest. Purchasers will be able to convert them into shares of the common stock, or a combination of cash and shares, at CleanSpark’s discretion.

Initial purchasers will also have the option to buy an additional $200 million in convertible notes within a 13-day window from the date of issuance, subject to market conditions and other factors.

The company intends to use $400 million from the proceeds to execute a share buyback, and the remaining funds will be channeled towards power and land expansion, data center development, and to repay its bitcoin-backed credit lines.

CleanSpark expands into AI

CleanSpark forayed into the AI sector last month with the launch of its new division led by industry veteran Jeffrey Thomas, and acquired a 271-acre site in Texas that would house a 285 megawatt power load to develop a dedicated AI data center campus. Around the same time, the company partnered with Submer to explore liquid-cooled and prefabricated infrastructure solutions for high-performance computing.

To fund its AI ambitions, CleanSpark is using proceeds generated from its Bitcoin mining operations, which recently hit a record hashrate of 50 exahashes per second. Last month, the company’s total Bitcoin holdings hit an all-time high of 13,011.

#USGovShutdownEnd? ICP price eyes 40% upside as stablecoin supply grows

ICP price is close to confirming a potential breakout from a falling wedge pattern that could launch it toward $10 and beyond, especially as stablecoin supply on the network continues to grow.

Summary

ICP price is up over 330% from its lowest point this year.

Stablecoin supply on the network has surged 45% in the last 7 days.

A multi-year falling wedge pattern has formed on the ICP weekly chart.

According to data from crypto.news, Internet Computer (ICP) has staged a strong comeback over the past few weeks, rising over 330% from its year-to-date low of $2.23 on Oct. 11 to a high of $9.73 on Saturday, Nov. 8. It has since settled at $7.19 at press time amid some profit-taking. Despite these gains, it is still short 41% of its yearly high of $12.32.

ICP price soared as it continues to grow its presence in the DeFi industry. According to DeFiLlama, the total value locked across DeFi protocols on the network has jumped from $25 million on Nov. 1 to $48.7 million last check on Nov. 11. Also, stablecoin supply on the network has increased by almost 45% in the last seven days to over $6 million.

Another major catalyst driving its gains comes from the network stepping into the artificial intelligence space with the launch of Caffeine. The new platform, built on Internet Computer, enables users to create fully functional websites and applications from scratch without needing to write a single line of code.

With the launch of Caffeine, ICP has effectively positioned itself as a leading contender in the AI crypto space at a time when investor demand for AI-related projects remains strong. Other AI-focused projects, such as Near Protocol NEAR Protocol
near
-12.64%
NEAR Protocol and the Artificial Superintelligence Alliance Artificial Superintelligence Alliance
fet
3.48%
Artificial Superintelligence Alliance, were each up over 40% in the last 7 days.

ICP price analysis

ICP price has been trading within a falling wedge pattern on the weekly chart since March 2024.

#StrategyBTCPurchase Gemini crypto exchange Q3 revenue soars 52%, but why are shares still falling?

Gemini reportedly saw a 52% jump in quarterly revenue following a surge in trading activity and the introduction of new financial products. However, its shares have continued to fall.

Summary

The Winklevoss twins-led Gemini reported a 52% quarterly surge in net revenue to $49.8 million in Q3 2025, driven by a rise trading activity and strong growth in its credit card and staking services.

Despite seeing substantial revenue gains, the company’s $159.5 million quarterly loss have dampened investor confidence, resulting in a plunge in its stock price by 6.18% in after-hours trading.

According to the company’s letter to shareholders, the crypto exchange’s net revenue in the third quarter of 2025 reached about $49.8 million. Compared to the previous quarter, its net revenue has gone up by 52% quarterly and 104.4% from the previous year. Not only that, the company also recorded a rise in transaction revenue by 26% as trading activity increased from both retail and institutional clients.

This quarter was led by transaction revenue, as it represents the majority of revenue earned by the company.

The firm reportedly saw nearly $20 million from its services revenue, driven mostly by the introduction of Gemini’s new products such as its credit card, staking and custody related services. This number represents a 111% rise compared to the previous quarter.

Credit card revenue increased by $3.7 million in the third quarter, totaling to $8.5 million as the company’s crypto card gains momentum among traders. As many as 64,000 users registered for a card, indicating a large jump from just 17,000 in the previous quarter and an eight-fold increase from 8,000 back in 2024.

As a result, credit card balances reached about $150.6 million in Q3, soaring by 61% from the second quarter. Staking revenue also increased by $3.2 million to $5.9 million, as the exchange saw most of its revenue coming from Solana Solana
sol$SOL
-3.16%
Solana staking.